Home Price ProtectionTM helps protect the value of the typical family’s largest asset: the equity in their home.
You purchase an EquityLock Home Price ProtectionTM contract that refers to a local index of housing values. If the index has dropped by the time you sell the house, we pay you the percentage of the index drop multiplied by the value of your home at the time you bought the Home Price ProtectionTM contract.
The transaction is structured as a contract, and not as an insurance policy; therefore the payment is made if the market index falls, regardless of whether you sell the home for more or less than you paid for it.
For more information, see www.homepriceprotection.info or contact The Steven Senter Real Estate Team at 630.513.3900 or email steven@stevensenter.com.